A personal loan can be a great way of reaching a short-term financial goal, such as purchasing a new car, renovating your home, or even paying off your current debts faster by consolidating them into one payment.

Lloyds Bank has increased the maximum amount available to lend to qualifying customers via its Flexible and Online Exclusive Loan products from £25,000 to £50,000, in recognition of rising prices and changing customer needs.

Clydesdale and Yorkshire Banks have launched a selection of new lower rate offers for unsecured personal loans, including their lowest ever online rate of 3.4% APR for loans between £7,500 and £15,000.

Marking the one year anniversary of the launch of the Halifax Clarity Loan, customers taking out a Halifax Clarity Loan to buy their next car will be given 12 free car washes, a free MOT and 20% off a service.